TED Talk – Miller – Sustainable Wealth

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Sociotechnical Roundtable

When We Design Organizational Systems What Is the Value, The Wealth, That We Are Creating

Business News & Politics Economy & Finance

The Real Capital of a Corporation,
Person or Nation
Spiritual Capital: The degree
to which individuals are centered
by higher purpose and unifying
values.
Social Capital: The Level
of internal and external trust.
Human Capital: The sum of human
competence and motivation.
Innovation Capital: Innovation may be either technology (product), or process (how we
make, deliver, service). The business of business is to innovate.
Financial Capital: The net of the financial assets and liabilities.

© Lawrence M. Miller

2

How leaders and followers view the assets

© Lawrence M. Miller

4

The Life Cycles of Leadership and Culture

© Lawrence M. Miller

6

Is the Downfall Inevitable?
Or, Can We Achieve an “Ever advancing civilization, the day
not to be followed by night?”

© Lawrence M. Miller

7

How Capitalism Really Works

© Lawrence M. Miller

8

Emerging and Declining Wealth Profiles

© Lawrence M. Miller

9

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This paper reports on a comparative case study of three ongoing research and development (R&D) projects, each conducted virtually across multiple sites and involving varying degrees of task uncertainty due to its stage on a continuum of the R&D process, from basic fundamental Research to scale-up and commercial Development. This study applies the methodology of sociotechnical systems(STS) analysis to assess the influence of virtuality and task uncertainty on the quality of the deliberations; specifically, the knowledge development barriers experienced at the various stages on the R&D continuum. Then, building on the theory of organizations as information processing systems, and referencing extant literature on the relationship between coordinating mechanisms and the efficacy of virtual work, this comparative case study has identified different types of coordination mechanisms and their impact in reducing or eliminating knowledge development barriers for differing levels of task uncertainty, from the high uncertainty of basic Research to the lower uncertainty of scale-up Development. Results of this study extend previous findings about coordination of virtual R&D that have focused almost exclusively on the product Development stage of the R&D continuum. Moreover, the study demonstrates how STS analysis can provide insights into the impact of coordination mechanisms on the performance of virtual R&D organizations. For practitioners, one implication is to explicitly design the deliberations and coordination of virtual R&D as part of the planning for projects such as multi-university search.

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Can working less lead to a healthier economy and better environmental conditions? Which factors should be taken into consideration when forming an answer to this question? In this article Nicholas Ashford and Giorgos Kallis discuss how affluent economies often have shorter work-weeks and why, under the right conditions, more free time can decrease unemployment and help develop a greener, more sustainable Europe.

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